The “Superfluous Consumer” (July 27, 2015)
. . .
L “They say that 70 percent of economic growth is driven by consumer spending. Yet the consumer is spent. So many consumers borrowed money (at substantial interest rates) from tomorrow to consume yesterday. Today, the consumers must borrow from the day after the day after tomorrow to pay for necessaries.”
. . .
M “What will they do when they can’t consume?”
. . .
Bumper sticker of the week:
Work Buy Consume Die
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